Saharti, Mohammed (2023). Essays on Global Corporate Banking. PHD thesis, Aston University.
Abstract
Syndicated loans are an important source of external finance for a firm’s financing. In 2019, global syndicated loans volume was about 41% of the total funds raised from capital markets, the second-highest source of external finance after bonds. Over the first nine months of 2021, $4 trillion was disbursed through syndicated lending. Given importance of syndicated loans, we take a holistic approach and start this thesis with a citation-based comprehensive systematic literature review (SLR) of the syndicated loan market. Therefore, in this this we fill the knowledge gap by first surveying a comprehensive SLR. This helps us in highlighting some areas that need to be explored. Second we study the effect of bank mergers and acquisitions (M&As) on borrowers syndicate structure and the testing of bank–firm relationships. Finally, we explore the impact of environmental, social, and governance (ESG) factors on the cost of capital for firms and the structure of syndicate loans.
| Divisions: | Aston University (General) |
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| Additional Information: | Copyright © Mohammed Saharti, 2023. Mohammed Saharti asserts his moral right to be identified as the author of this thesis. This copy of the thesis has been supplied on condition that anyone who consults it is understood to recognise that its copyright rests with its author and that no quotation from the thesis and no information derived from it may be published without appropriate permission or acknowledgement. If you have discovered material in Aston Publications Explorer which is unlawful e.g. breaches copyright, (either yours or that of a third party) or any other law, including but not limited to those relating to patent, trademark, confidentiality, data protection, obscenity, defamation, libel, then please read our Takedown Policy and contact the service immediately. |
| Institution: | Aston University |
| Last Modified: | 08 Dec 2023 09:00 |
| Date Deposited: | 03 Jul 2023 17:10 |
| Completed Date: | 2023-01 |
| Authors: |
Saharti, Mohammed
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CORE (COnnecting REpositories)
CORE (COnnecting REpositories)